Home > North America Cyber Security Market is Expected to Reach $61.91 billion in 2019 - New Report by MicroMarket Monitor

North America Cyber Security Market is Expected to Reach $61.91 billion in 2019 - New Report by MicroMarket Monitor

10/08/2014 23:07

The Cyber Security Solutions and Services report defines and segments the market in North America with analysis and forecast of revenue. The cyber security solutions and services market in North America is estimated to grow from $41.19 billion in 2014 to $61.91 billion by 2019, at a CAGR of 8.50% from 2014 to 2019.

North America is the major market, wherein the U.S. accounts the maximum share in the cyber security solutions and services market. The rapid adoption of cloud computing, strict compliance by the government, and the emerging potential cyber threats are driving the market. The U.S. is the biggest market in North America as it accounts a major share of 83.02% in the cyber security market.

This market is segmented and forecasted on the basis of solutions and services of cyber security such as identity and access management, risk and compliance management, encryption, data loss protection, unified threat management, firewall, antivirus and antimalware, IDS/IPS, security and vulnerability management, disaster recovery, DDos mitigation, web filtering, and others. Services include consulting, design and integration, risk and threat assessment, managed security service, and training and education. The market is further segmented and forecasted on the basis of major countries covering the U.S. and others

This report includes the market shares, supply chain and value-chain analysis, and market metrics such as drivers and restraints. In addition, it presents a competitive landscape and company profiles of key players in the market.

Related Reports:

Europe Cyber Security Market
The European cyber security market is expected to grow from $25.04 billion in 2014 to $35.53 billion in 2019, at a CAGR of 7.2% for the period 2014 to 2019. The cyber security market is primarily driven by the need for enhanced technology and advanced solutions against the increasing cyber threats in the region.
Cyber security is a broad collection of technologies, solutions, services, compliances, and risk management approaches to protect an organizations' and users' personal and professional data from cyber crimes.

The government, public utilities, and enterprises are all dependent on the internet, wireless technologies, and cloud-based services. Due to this dependency, cyber attacks have shown exponential increase in the past few years and have generated the need for unified cyber security solutions to support the enhanced enterprise mobility and strict data disclosure laws. Cyber security products are defined by possessing the capability to provide access management, authentication procedures, detection and responses to incidents, security updates or patch management, data recovery, mitigation of impacts, and risk & compliance management. The cyber security market is experiencing a booming phase because of the need for global cyber security capacity establishment built for a secure and resilient cyberspace.

The increase in the adoption of cloud computing, data centers, and wireless communication is driving the cyber security market in the European region. The rise in cyber attacks and cyber crime is a result of the extensive technological adoption in the region. Moreover, the European Union (EU) has approved the directive of EU Electronic Signature and the EU Data Protection to protect customer data. The EU's digital initiative has already set out 14 major actions for the improvement of cyber security readiness. Countries such as the U.K.,France, Germany, and Italy, among others, are expected to show a steady growth in the cyber security market. https://www.micromarketmonitor.com/market/western-europe-cyber-security-4129808188.html

Middle East and Africa Cyber Security Market
The Middle East & Africa (MEA) cyber security market is expected to grow from$7.06 billion in 2014 to $13.43 billion in 2019, at a CAGR of 13.7% for the period 2014 to 2019. The cyber security market is primarily driven by the strict governmental regulations and compliances due to increased security threats in the region.

Cyber security is a broad collection of technologies, solutions, services, compliances, and risk management approaches to protect an organizations' and users' personal and professional data from cyber crimes. The government, public utilities, and enterprises are all dependent on the internet, wireless technologies, and cloud-based services. Due to this dependency, cyber attacks have shown exponential increase in the past few years and have generated the need for unified cyber security solutions to support the enhanced enterprise mobility and strict data disclosure laws.

Cyber security products are defined by possessing the capability to provide access management, authentication procedures, detection and responses to incidents, security updates or patch management, data recovery, mitigation of impacts, and risk & compliance management. The cyber security market is experiencing a booming phase because of the need for global cyber security capacity establishment built for a secure and resilient cyberspace. https://www.micromarketmonitor.com/market/middle-east-and-africa-cyber-security-9122775574.html